Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.34 | 1.14% |
| Return on Equity (%) | ▲ | 18.27% | +2.96 | 15.31% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.60 | 2.79% |
| Efficiency Ratio (%) | ▲ | 50.44% | -5.12 | 55.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.73 | $2 |
| Cost of Funds (%) | ▲ | 1.81% | -0.35 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $529 | +35.69 | $493 |
| Gross Loans ($M) | ▲ | $333 | +52.05 | $281 |
| Loan Growth YoY (%) | ▲ | 72.13% | +7.90 | 64.23% |
| Total Deposits ($M) | ▲ | $457 | +24.53 | $433 |
| Shareholders Equity ($M) | ▲ | $42 | +5.57 | $37 |
| Tang. Book Value ($M) | ▲ | $40 | +5.60 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +5.81 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 72.13% | +7.90 | 64.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.03 | 0.05% |
| Allowance / Loans (%) | — | 1.06% | -0.13% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.04 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.50% | 2.52% | 2.54% | 2.79% | 2.92% | 2.97% | 3.05% | 3.39% |
| ▁▁▁▃▄▅▅█ | Return on Assets (%) | 0.97% | 0.99% | 1.00% | 1.14% | 1.20% | 1.27% | 1.29% | 1.48% |
| ██▇▄▄▃▂▁ | Efficiency Ratio (%) | 60.7% | 59.9% | 59.4% | 55.6% | 54.8% | 53.3% | 52.1% | 50.4% |
| ███▆▆▅▃▁ | Cost of Funds (%) | 2.32% | 2.35% | 2.31% | 2.16% | 2.19% | 2.10% | 1.95% | 1.81% |
| ▁█▅▂▁▁▁▆ | NPA / Assets (%) | 0.04% | 0.10% | 0.07% | 0.05% | 0.03% | 0.03% | 0.03% | 0.08% |
| ▂█▅▂▁▁▁▅ | Net Charge-Off Ratio (%) | 0.07% | 0.18% | 0.13% | 0.08% | 0.05% | 0.05% | 0.05% | 0.13% |
| ▁▆▁▂▂███ | Tang. Book Value ($M) | $33 | $38 | $33 | $34 | $34 | $40 | $40 | $40 |
| ▁▁▂▃▃▅▇█ | Gross Loans ($M) | $261 | $270 | $277 | $281 | $284 | $306 | $321 | $333 |
| ▁▁▄▅▅▇▇█ | Total Deposits ($M) | $395 | $394 | $424 | $433 | $431 | $445 | $448 | $457 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 26% |
| Agricultural | 5% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 12% |